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'I don't think we're facing the next GFC,' UBS U.S. chief economist says
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November 15, 2023November 15, 2023Investing, Personal Finance

Next global financial crisis is not ahead: UBS U.S. chief economist

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Despite indicators like U.S. credit card debt pointing toward financial and economic pressures, another global financial crash is not imminent, UBS chief U.S. economist Jonathan Pingle believes. U.S. credit card debt soared to $1.08 trillion in the third quarter of 2023, data from the Federal Reserve Bank of New York showed earlier this month. This...